As at 31 March 2012 the Trade receivables control account balance was reported as 296,400 and this
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As at 31 March 2012 the Trade receivables control account balance was reported as £296,400 and this did not agree with the sum of the individual customers’ balances. The following errors were discovered:
(a) A dishonoured customer’s cheque for £4,500 has been posted to the credit of the customer’s a/c
(b) Return Inwards Day Book was added as £17,600 instead of £27,600
(c) A copy sales invoice of £42,800 has been recorded as £24,800 in the Day Book
(d) £11,500 offset by contra is entered on the debit side of the Control account Identify the Trade receivables as at 31 March 2012
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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